New Jersey authority calls $51.2 million of Cedar Crest Village bonds

By Marisa Wong

Madison, Wis., Oct. 19 - New Jersey Economic Development Authority said it will redeem $51.2 million of its series 2001A Cedar Crest Village, Inc. Project retirement community revenue bonds on Nov. 15.

The affected bonds include $11.555 million of bonds due Nov. 15, 2021 and $39.645 million of bonds due Nov. 15, 2031.

The bonds will be redeemed at 101 plus accrued interest to the redemption date.

Manufacturers and Traders Trust Co. is the agent.

The issuer, which is an agency responsible for expanding the state's economic base, is based in Trenton, N.J. Cedar Crest is an Erickson Living retirement community located in Pompton Plains, N.J.

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